MarketMinute | Is The Fed Done Raising Rates?
Consumer inflation came in better than expected for October, supporting expectations the Fed may be done raising rates to fight it. Wholesale inflation also came in much lower than expected in October, reversing a 3-month trend and falling by the most since 2020. New unemployment applications were up last week, and continuing claims rose to their highest level in almost 2 years. Homebuilder confidence weakened in November, as 36% of builders reported discounting prices an average of 6%. ...
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